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  • 标题:ANALYSIS OF THE ROMANIAN CURRENT ACCOUNT SUSTAINABILITY
  • 本地全文:下载
  • 作者:Dumitriu Ramona, Stefanescu Razvan
  • 期刊名称:Annals of the University of Oradea : Economic Science
  • 印刷版ISSN:1222-569X
  • 电子版ISSN:1582-5450
  • 出版年度:2009
  • 卷号:XVIII
  • 期号:01
  • 出版社:University of Oradea
  • 摘要:This paper explores the sustainability of the Romanian current account. For this purpose we test the stationarity and cointegration of the monthly credit and debit transactions of the current account. It results these time series have unit roots for levels values, but they are stationary for their first differences. We find that the debit and the credit transactions are not cointegrated so the current account deficit could not be considered as sustainable.
  • 关键词:Romanian Current Account, Sustainability, Cointegration
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